205 5th Ave Venice, CA 90291
Active
$2,250,000
2 Units
5 Beds
4 Baths
2,743 Area(sq.ft.)
4,141 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 2 | No | n/a | n/a | $ 7,000 |
| Unit 2 | 1 | 3 | 2 | No | $ 5,750 | $ 5,750 | $ 7,000 |
| 2 | 2 | 5 | 4 | $ 5,750 | $ 5,750 | $ 14,000 |
Open House:
Sunday, Dec 22, 2024 from 1:00 PM - 4:00 PM
| MLS #: | 24-465725 |
| Days On Market: | 14 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 820 |
| Price per unit: | $ 1,125,000 |
| Year Built: | 1929 |
Property Details
Welcome to this timeless and dreamy Spanish duplex located in the vibrant Rose Corridor, nestled between Venice and Santa Monica (seller open to partial seller financing at 6% for 2 years!). With the perfect blend of classic elegance, timeless style, and modern upgrades, this two-unit property w/ a vacant unit offers endless opportunities - live in the bottom unit with the upstairs as a rental for passive income, rent the entire property for your investment portfolio, or utilize the property as your future compound. The reimagined downstairs space features a spacious 2-bedroom, 2-bathroom residence adorned with hardwood floors, arched doorways, and a beautiful original fireplace, creating a warm and inviting atmosphere. A separate bonus space with a private entrance completes this unit, perfect for guest quarters or a home office! Move onto the upstairs unit boasting a completely remodeled 3-bedroom, 2-bathroom unit (currently occupied by tenant) with an open floor plan and a private balcony, offering a serene retreat with city and tree-top views. Additional amenities include a detached garage, gated parking, an amazing deck ideal for outdoor dining and relaxation, and a cozy courtyard designed for gatherings and entertainment. Expand later and add an ADU, making it a true gem in Venice. Live the SoCal dream minutes to the beach and in the heart of some of Los Angeles' best restaurants, coffee shops, and boutiques. Also, just a short stroll to Whole Foods, parks, and more.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 50% |
| Gross Operating Income: | $ 69,000 |
| Total Annual Expense: | $ 32,196 |
| Net Operating Income: | $ 32,196 |
| Gross Annual Income: | $ 69,000 |
| Gross Rent Multiplier: | 15.70 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Two |
| Security Features: | Smoke Detector, Carbon Monoxide Detector(s) |
| Style: | Spanish |
| Sewer: | In Street |
| View Description: | City, Tree Top, Ocean |
| Water: | In Street |
Land & Parking
| Zoning: | LARD2 |
| Parking Garage: | Garage - 1 Car, Carport, Uncovered |
Interior
| Cooking Appliances: | Oven |
| AC/Cooling: | Ceiling Fan, Wall/Window, Wall Unit(s) |
| Equipment: | Washer, Dryer, Ceiling Fan, Range/Oven, Refrigerator |
| Heating: | Wall |
| Fireplace Rooms: | Decorative, Living Room |
| Laundry: | Outside, Room, Community |
| Laundry Equipment: | Own |
| Patio Features: | Balcony, Deck(s), Patio Open, Porch - Front |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
Schools
Find a great school for your child
Income
